I wonder, would things like mortgages which are a fixed dollar amount be essentially forgiven in a situation like this? Like, someone still has $100,000 on their principle and the dollar begins hyperinflating to where you need tens of millions of dollars to buy a loaf of bread, could you pay off your mortgage with ease? Surely the Jew has some provision for this.
I wonder, would things like mortgages which are a fixed dollar amount be essentially forgiven in a situation like this? Like, someone still has $100,000 on their principle and the dollar begins hyperinflating to where you need tens of millions of dollars to buy a loaf of bread, could you pay off your mortgage with ease? Surely the Jew has some provision for this.
They do, the property tax will be inflation adjusted. So you owe 100,000 but your property tax is 100,000,000,000
They do, the property tax will be inflation adjusted. So you owe 100,000 but your property tax is 100,000,000,000
Depends on the type of mortgage. Some people sign a "tracker mortgage" which accounts for things like inflation and property values. The idea being that no matter what you end up paying roughly the same proportion of your earnings.
Depends on the type of mortgage. Some people sign a "tracker mortgage" which accounts for things like inflation and property values. The idea being that no matter what you end up paying roughly the same proportion of your earnings.
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